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The city of Roswell has established a strategic bitcoin reserve and emergency fund

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2025-04-30 09:30:35
On April 30, according to the official document picture released by Bitcoin Magazine, Roswell, New Mexico, USA, officially confirmed the receipt of the first bitcoin donation totaling 3,050,323 Satoshi (about 0.0305 BTC), which was worth about $2,906 at the time. The donation was used as "seed money" to start and establish the "Roswell Strategic (Bitcoin) Reserve" managed by the municipal government.
According to the document, the fund will:
Hold it for at least ten years to accumulate bitcoin donations and sponsorships.
After reaching the $1 million threshold, it can be used as a "Bitcoin Emergency Fund", which can be used as 21% every five years, subject to the unanimous approval of the city council;
Priority is given to subsidizing local elderly residents' water bills and emergency disaster response.
The donation was officially received on April 29, signed by Roswell's acting mayor, Juliana Halvorson, and Bitcoin certification expert Guy Malone. The donation address has been made public.
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